CISM · Question #877
To support effective risk decision making, which of the following is MOST important to have in place?
The correct answer is D. Risk reporting procedures. Effective risk decisions require timely, consistent, and actionable information. Risk reporting procedures ensure risks are identified, communicated, escalated, and tracked in a structured way so decision-makers have what they need to accept, mitigate, transfer, or avoid risk.
Question
To support effective risk decision making, which of the following is MOST important to have in place?
Options
- AWell-defined and approved controls
- BAn audit committee consisting of mid-level management
- CEstablished risk domains
- DRisk reporting procedures
How the community answered
(61 responses)- A10% (6)
- B3% (2)
- C5% (3)
- D82% (50)
Explanation
Effective risk decisions require timely, consistent, and actionable information. Risk reporting procedures ensure risks are identified, communicated, escalated, and tracked in a structured way so decision-makers have what they need to accept, mitigate, transfer, or avoid risk.
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